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. >>> of course, there's the economy with mixed reports last week detailing a drop in gdp coupled with better than expected job growth as the stock market booms. president obama said in that interview with cbs, there needs to be some new revenue involved. he might be going after people like mitt romney. >> there's no doubt that we need additional revenue, coupled with smart spending reductions in order to bring down our deficits. we can do it in a gradual way. when you look at these deductions that people are able to take advantage of, the average person can't take advantage of. the average person doesn't have access to cayman island accounts. so, we just want to make sure that the whole system is fair. >> all right, today is the day one in the new job for secretary of state john kerry, he got an early start over the weekend, he reached out to world leaders by phone, pledging to continue pushing for peace talks. >>> the senate armed services committee is expected to vote his nomination to senate. former white house press secretary robert gibbs was on meet the press, admitted that it wa
. >>> of course, there's the economy with mixed reports last week detailing a drop in gdp coupled with better than expected job growth as the stock market booms. president obama said in that interview with cbs, there needs to be some new revenue involved. he might be going after people like mitt romney. >> there's no doubt that we need additional revenue, coupled with smart spending reductions in order to bring down our deficits. we can do it in a gradual way. when you look at...
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Jan 30, 2013
01/13
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. >>> time square, foggy around new york city. could get into the 60s today with thunderstorms later tonight at the end of january. this is the weather around the country. many people didn't get much sleep in missouri, arkansas, tennessee, kentucky as the storms roll through. they continue at this hour. they are not weakening either. over 200 rep
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ this reduced sodium soup says it may help lower cholesterol, how does it work? you just have...
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Feb 3, 2013
02/13
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economy or is it capitalism? but the last also is voe takes a va additional view of investment which is we're simply building capital to meet the demands of consumers as opposed to what we're doing in our economy which is pouring money into innovation. you don't need demand to fund innovation. if you really part through the numbers and recalculate investment to include innovation, which is largely salaried and appears as the intermediate cause of product, not as investment in and of itself, you see we've had a very high rise in investment and we'll have a more volatile economy but all the indications are consistent with that higher productivity, fast her growth, more employment. >> you know, i think that joe's point is well taken. and i think the fourth reason says you talk about inequality in your "new york times" article. the one that is most compelling to me is the issue about investing in education. our participation in education is about the future. and what we've seen with much of higher education is that f
economy or is it capitalism? but the last also is voe takes a va additional view of investment which is we're simply building capital to meet the demands of consumers as opposed to what we're doing in our economy which is pouring money into innovation. you don't need demand to fund innovation. if you really part through the numbers and recalculate investment to include innovation, which is largely salaried and appears as the intermediate cause of product, not as investment in and of itself, you...
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Feb 6, 2013
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. >> our economy right now is headed in the right direction. and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. so let's keep on chipping away at this problem together, as democrats and republicans, to give our workers and our businesses the support that they need to thrive in the weeks and months ahead. >> the president's called for a fix of short-term spending cuts and tax reform hit a brick on capitol hill. politico reporting that obama's plan dead on arrival, and house speaker john boehner was speaking on capitol hill, right now saying that his party plans to stand with the american people and we want to show you exactly what he had to say about that yesterday. >> on two occasions has passed a plan to replace the sequester. it's time for the senate democrats to do that work. it's time for the president to offer his ideas about how to replace the sequester. >> his first answer to everything is new taxes. and when you think about it, what happened in january, he got $600 billion in new r
. >> our economy right now is headed in the right direction. and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. so let's keep on chipping away at this problem together, as democrats and republicans, to give our workers and our businesses the support that they need to thrive in the weeks and months ahead. >> the president's called for a fix of short-term spending cuts and tax reform hit a brick on capitol hill. politico...
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Feb 5, 2013
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there is a way to address budgetary and gdeficit issues ad invest in our economy. there's a way to protect people who are must vulnerable and to ask people who have been blessed to pony up a little bit more. it's not going to stop them from getting yachts and planes and all those goodies. but kids will have meals. >> yes, indeed. >> and seniors will have warm houses to live in. >> joy, i seem to recall that this issue of closing loopholes and reducing deductions was suggested by some republicans not so long ago. take a listen. >> we propose to close those special interest loopholes. let's ged rid of special interest loopholes. plug loopholes, lower everybody's tax rates. get rid of special interest loopholes. plug these loopholes. >> so for mr. ryan, plugging loopholes is great when mitt romney proposes it as an idea but as soon as the president does, it's off the table. >> first of all, who is mitt romney. >> sorry? >> oh, right, that guy. i remember him. you're exactly right. you were getting to it in your intro, the sequester was the ransom that republicans in t
there is a way to address budgetary and gdeficit issues ad invest in our economy. there's a way to protect people who are must vulnerable and to ask people who have been blessed to pony up a little bit more. it's not going to stop them from getting yachts and planes and all those goodies. but kids will have meals. >> yes, indeed. >> and seniors will have warm houses to live in. >> joy, i seem to recall that this issue of closing loopholes and reducing deductions was suggested...
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Feb 1, 2013
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in fact, my view on the economy is a little bit less sunny than ron's. the unemployment rate has been stuck in a range between 7 and 8.2% now for almost a year. so we're kind of slogging along. growth is definitely better than that negative gdp report from the last quarter. that was anomalous. but it's not gang busters by a long shot. >> okay. so that's the big story we've got this morning. perry, i want to talk to you about the big story that's been unfolding since yesterday and the headlines in the papers today, the reviews being in on chuck hagel's performance on the hill. skprael taking it on the nose from his former colleagues. want to remind everybody how that hearing went. take a look. >> the surge would be the most dangerous foreign policy blunter in this country since vietnam. were you correct or incorrect? yes or no? >> my reference to the -- >> senator hagel -- >> well, if you would like me to explain, why -- >> well, i actually would like an answer. yes or no. >> well, i'm not going to give you a yes or no. i think it's far more complicated t
in fact, my view on the economy is a little bit less sunny than ron's. the unemployment rate has been stuck in a range between 7 and 8.2% now for almost a year. so we're kind of slogging along. growth is definitely better than that negative gdp report from the last quarter. that was anomalous. but it's not gang busters by a long shot. >> okay. so that's the big story we've got this morning. perry, i want to talk to you about the big story that's been unfolding since yesterday and the...
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Jan 30, 2013
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> we all know that today we have an immigration system that is out of date and badly broken. a system that is holding us back instead of helping us grow our economy and strengthen our middle class. we've got to bring our legal immigration system into the 21st century, because it no longer reflects the realities of our time. for example, if you are a citizen, you shouldn't have to wait years before your family is able to join you in america. you shouldn't have to wait years. >> shouldn't have to wait years. you know, complexity is not just a feature of how the world works and how bureaucracies work. complexity is also used as a tactic in politics. deli
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> we all know that today we have an immigration system that is out of date and...
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Jan 30, 2013
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> the question now is simple. do we have the resolve as a people, as a country, as a government to finally put this issue behind us? i believe that we do. i believe that we do. i believe we are finally at a moment where comprehensive immigration reform is within our grasp. but i promise you this. the closer we get, the more emotional this debate is going to become. immigration's always been an issue that inflames passions. that's not surprising, you know. there are few things that are more important to us as a society than who gets to come here and call our country home. who gets the privilege of becoming a citizen of the united states of america. tha
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> the question now is simple. do we have the resolve as a people, as a country,...
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Feb 4, 2013
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they'll create a much more dynamic economy. and the last week in washington, we've been side tracked off this potential to actually give some growth to our economy by issues of how many links are in the chain we're going to build. what's going to trigger what. does gay marriage affect all of this? it's like this moral i]obtusene. this is our only shot at getting a growing economy. this attempt to win the race for global talent out there, and we are debating socrates. >> it does seem like the politics of this is coming together. robert, you're here. i want to quickly talk about guns in this respect. the president, a picture of him skeet shooting. we know that there had been a kerfuffle, this idea was he really -- the president said yes, he had fired a gun. i do have to ask you, have you seen him skeet shoot? >> i have not. but camp david for him is a private retreat that he spends most of the time with his family. i don't think it's whether or not the president shoots a gun regularly or even if he shoots it well. >> let's partic
they'll create a much more dynamic economy. and the last week in washington, we've been side tracked off this potential to actually give some growth to our economy by issues of how many links are in the chain we're going to build. what's going to trigger what. does gay marriage affect all of this? it's like this moral i]obtusene. this is our only shot at getting a growing economy. this attempt to win the race for global talent out there, and we are debating socrates. >> it does seem like...
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Jan 29, 2013
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economy is dependent upon cheap gas. if we change anything in that equation, everything will fall apart. there is a clear rhetoric that goes back for decades. the power industry is very good at saying if you raise the price of electricity and force us to put scrubbers on coal plants, we can't guarantee the viability of the plants and the investment is so huge people won't be able to afford to heat their homes. there is a lot of rhetoric any time you want to mess with the status quo. >> jeff, why do you think he will need to rally popular support on this? why do you think this doesn't break through. you look at the existential list, climate change is always near the bottom at 2 or 3 or 4 or 5%. why is this? for all the attention given in the media and al gore, why i don't it break through in the media? >> too many people think it's about saving polar bears and distant things that happens to children in future generations and won't impact their lives. >> i think it is changing because of hurricane sandy and extreme weather
economy is dependent upon cheap gas. if we change anything in that equation, everything will fall apart. there is a clear rhetoric that goes back for decades. the power industry is very good at saying if you raise the price of electricity and force us to put scrubbers on coal plants, we can't guarantee the viability of the plants and the investment is so huge people won't be able to afford to heat their homes. there is a lot of rhetoric any time you want to mess with the status quo. >>...
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Jan 30, 2013
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they like democrats better on the economy, on small business, on immigration, on helping the middle class, on all of it, on every single thing they were asked about. the only two categories where latinos in swing states pick republicans over democrats is when they're asked who is more anti-immigrant and who cares more about helping rich people. republicans win on those two questions, being anti-immigrant and digging rich people. but democrats win on all of the rest of the policy issues. the exit polls from the 2012 electorate showed a latino electorate that was more liberal on gay marriage than the country as a whole. the exit polls from the 2012 election showed a latino electorate that is more supportive of abortion rights than the country as a whole. more supportive, not less. more. there is this myth that if republicans can just stop being so offensive to latinos in the alienating way they have talked about latinos as an ethnic group and as a political constituency, if they can just get mainstream on the issue of reforming the immigration system, just go along with the democrats on thi
they like democrats better on the economy, on small business, on immigration, on helping the middle class, on all of it, on every single thing they were asked about. the only two categories where latinos in swing states pick republicans over democrats is when they're asked who is more anti-immigrant and who cares more about helping rich people. republicans win on those two questions, being anti-immigrant and digging rich people. but democrats win on all of the rest of the policy issues. the...
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Feb 4, 2013
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one thing that should be said about sequester is it's very tough on the economy. i was talking to mark zandi the other day of moody's. he's looking at about a half percentage point hit to gdp growth due to sequester. that's pretty large. >> so a number of politicians including the house budget committee chair, paul ryan, they think the sequester is going to happen. do republicans believe that anything can be gained politically if it happens? what are the partisan motives behind this? >> i think there is a lot of bluffing happening around the sequester. you will remember during the campaign mitt romney and paul ryan crisscrossed the country saying these cuts would be devastating for the country and they would hollow out defense. important to know the pentagon gets treated incredibly roughly under the sequester. just a couple months ago, republicans could see no way forward with this sequester, it was a total disaster for them. then they decide not to fight on the debt ceiling and they need to move the attention on to something else. say they do have leverage elsewh
one thing that should be said about sequester is it's very tough on the economy. i was talking to mark zandi the other day of moody's. he's looking at about a half percentage point hit to gdp growth due to sequester. that's pretty large. >> so a number of politicians including the house budget committee chair, paul ryan, they think the sequester is going to happen. do republicans believe that anything can be gained politically if it happens? what are the partisan motives behind this?...
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Jan 30, 2013
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mean, the world bank and so many other research organizations have made it abundantly clear, the world economy would be recovering faster if barriers to womens participation were torn down. when it comes to afghanistan, i worry constantly what happens there, for everyone, but in particular women and girls. we've made a lot of advancements. a far greater number of girls are going to school, women are running businesses, practicing their professions, but there is a very large group of women who mostly are in the countryside or in settings where the theories and practices of including women are not accepted. and i worry particularly about extremist groups, fanatics, who shoot, you know, teenaged girls because they want to go to school. that is just beyond my comprehension, but i know it happens, because i deal with it every day. we have a long way to go, and it's not only in afghanistan. in many parts of the world, the depravation women face, the discrimination, the abuse, rape is a tool of war, sexual violence as a means of keeping women in their place, we have a lot of work to do, and i'm deter
mean, the world bank and so many other research organizations have made it abundantly clear, the world economy would be recovering faster if barriers to womens participation were torn down. when it comes to afghanistan, i worry constantly what happens there, for everyone, but in particular women and girls. we've made a lot of advancements. a far greater number of girls are going to school, women are running businesses, practicing their professions, but there is a very large group of women who...
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Jan 31, 2013
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and the economy is contracting. the idea is, you get the federal government to put some money in, and that's going to create larger job growth across america. it just hasn't happened. so the question is, how long do we make this bet? >> so robert reich writes about consumer confidence, found this in "the huffington post," why consumers are bumd out. "the stock market is bullish because corporate profits are up, costs are down, the fiscal cliff agreement has locked in low taxes for most of the upper middle class and wealthy, and there's no sign of inflation, as far as the eye can see. but corporate profits can't stay high when american consumers whose spending is 70% of the u.s. economy are this pessimistic about the future. they're just not going to spend. american companies won't be able to make up the difference in foreign markets. europe is careening into a recession. japan is still in deep trouble. china's growth has sloat wed. profits are the highest share of the u.s. economy on record, wages are the lowest. bu
and the economy is contracting. the idea is, you get the federal government to put some money in, and that's going to create larger job growth across america. it just hasn't happened. so the question is, how long do we make this bet? >> so robert reich writes about consumer confidence, found this in "the huffington post," why consumers are bumd out. "the stock market is bullish because corporate profits are up, costs are down, the fiscal cliff agreement has locked in low...
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Jan 29, 2013
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a great university, usc, did a study and said it would be so great for our economy, and these folks who are living in the shadows, they're our friends, they're our neighbors, they take care of our kids. they work at our restaurants. they are a very important part of our community. they need a path to citizenship, not making it an elusive dream. and their kids need to have the dream act put into law, so that those kids who are so much part of america, don't have to look over their shoulder and can give all they want to give to their country. >> senator, real quickly, you made a super bowl bet. i want to break some news here. you made a super bowl bet with maryland senators, so if the ravens use, they'll hand over maryland crab cakes, beers, and cookies, and if the 49ers lose, you'll send over some crab, napa valley wine, san fran bread, and cheeses. apparently right now you have the odds. so do you have a message for the folks in maryland? >> well, i love the folks of maryland, but i have to say, get ready to be crabby. because we're going to make it. >> i don't know. with all due respec
a great university, usc, did a study and said it would be so great for our economy, and these folks who are living in the shadows, they're our friends, they're our neighbors, they take care of our kids. they work at our restaurants. they are a very important part of our community. they need a path to citizenship, not making it an elusive dream. and their kids need to have the dream act put into law, so that those kids who are so much part of america, don't have to look over their shoulder and...
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Jan 30, 2013
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new numbers in on the growth of the economy. not a dramatic dip if you just look at the number itself, but from where we are right now to where it was in the first quarter, quite sacrificing, quite a downturn. >> let's hope the economy is not running on empty. good morning. this is a bit of a surprise. gdp for the fourth quarter, the first look coming in at a negative .1%. it was the first drop in the economy below zero since the second quarter of 2009. the big drop though and i'm going to hedge that number a little bit, the big drop was twofold. number one, 15% decline in federal government expenditures, a lot of concern about defense. that could be fiscal cliff related. remember we talked about it a lot. people froze up perhaps. we also saw a drop in exports. good news in that report is that personal disposable income rose above 8%. it was up $236 billion, and this morning, we have the adp private sector payroll jobs numbers showing a gain of 192,000 jobs. >> brian quickly, what did the personal savings rate go up to if. >> th
new numbers in on the growth of the economy. not a dramatic dip if you just look at the number itself, but from where we are right now to where it was in the first quarter, quite sacrificing, quite a downturn. >> let's hope the economy is not running on empty. good morning. this is a bit of a surprise. gdp for the fourth quarter, the first look coming in at a negative .1%. it was the first drop in the economy below zero since the second quarter of 2009. the big drop though and i'm going...
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Feb 4, 2013
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the economy's a bit stronger than we thought. now, inside of that there's some interesting things happening. the most interesting thing happening is that for the first time, you're starting to see a significant drop in the longer-term unemployed. people who have been out of work between six months and three years. their numbers dropped by 16% even though total unemployed on dropped by 6%. now, in the six-month -- >> these are people that we hear are discouraged that don't even look for jobs so they're not counted in these calculations. >> well, the ones who are still looking are and they're getting more jobs. the people who are unemployed six months, they get jobs quickly. they turn over. and the really discouraged category, the three years or more, and this gets to that baby boomer story if you saw it in "the new york times" over the weekend, they're still in a pretty tough spot. but there is good news on some of the long-term unemployed. and the other piece of good news is in the so-called new claims for unemployment insurance,
the economy's a bit stronger than we thought. now, inside of that there's some interesting things happening. the most interesting thing happening is that for the first time, you're starting to see a significant drop in the longer-term unemployed. people who have been out of work between six months and three years. their numbers dropped by 16% even though total unemployed on dropped by 6%. now, in the six-month -- >> these are people that we hear are discouraged that don't even look for...
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Feb 1, 2013
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consumer confidence will go down if the economy's worse, it will go up. if we get a couple of good jobs reports and people are hiring, consumer confidence goes up. it's not independent, though, of course, it does have its own effect and people are concerned. i want to add one more things to this job report. brian correctly mentioned the december jobs revision and it's really important, these revisions frankly matter more than the number for this month because they're just a lot more accurate. and the december revision is up 40,000. the november revision, i want to get the numbers right, because they're kind of shocking. the november revision is up from 161,000 to 247,000. >> wow. >> it's gone up almost 100,000. now, one thing to be said about this jobs report, this is an annual rebenchmarking, they are looking back at the jobs report and getting their models to fit the way the actual economy, the way the actual labor market looks and they should be significantly more accurate. that's a huge revision. the jobs report, the headline isn't the 157,000 jobs fo
consumer confidence will go down if the economy's worse, it will go up. if we get a couple of good jobs reports and people are hiring, consumer confidence goes up. it's not independent, though, of course, it does have its own effect and people are concerned. i want to add one more things to this job report. brian correctly mentioned the december jobs revision and it's really important, these revisions frankly matter more than the number for this month because they're just a lot more accurate....
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Feb 6, 2013
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this was a huge economy, a big-state budget, a university system. they had to do something about the mental health institutions, for example, in the state. and it was exploding in terms of population. so by the time he got to washington, he had really been through a trial by fire, and he was ready for what he knew he had to do on behalf of the country. he had also -- people ought to remember this -- he had been through a really tough campaign. george bush 41 beat him in iowa in the opening of the primaries. >> in '80. >> in '80. he was prepared in a way for what he arrived at. and i think it's worth remembering. >> so let's take a trip down memory lane. >> oh, i like that. >> i love doing this. here's a clip of tom brokaw in 1967. >> what? >> yeah. watch this. >> interviewing dwight eisenhower during eisenhower's visit to see then-governor and presidential candidate ronald reagan. wow! >> almost four years ago now you encouraged all republicans who thought that they might be candidates for president to get into the race. do you still stand by that f
this was a huge economy, a big-state budget, a university system. they had to do something about the mental health institutions, for example, in the state. and it was exploding in terms of population. so by the time he got to washington, he had really been through a trial by fire, and he was ready for what he knew he had to do on behalf of the country. he had also -- people ought to remember this -- he had been through a really tough campaign. george bush 41 beat him in iowa in the opening of...
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not lead to more illegal drug use, mcconnell says he sees hemp production as positive for kentucky's economy. to the political playground we go for more. by now we're all used to hearing vice president joe biden say some pretty interesting things. his latest may have the president shaking his head, but will make germans quite happy. he said, "i have traveled over 640,000 miles since i've been vice president and most of the time the president sends me to places he doesn't want to go, so i've spent an awful lot of time with mccain and others in afghanistan, so it's good to be here in germany. >>> it may be the snavenators w have the most to lose. they may have to cough up the crabca crabcakes, burnt cookies, odds makers are favoring the 49ers. if the super bowl is not your thing, well, there's that other big bowl today. there it is. it's the puppy bowl. oodles of cuteness today. no need to change the channel just yet. chances are you'll be able to see this a lot. the puppy bowl is going to be on repeat on the animal planet for the rest of the day. you can set your dvrs. look at that, look at t
not lead to more illegal drug use, mcconnell says he sees hemp production as positive for kentucky's economy. to the political playground we go for more. by now we're all used to hearing vice president joe biden say some pretty interesting things. his latest may have the president shaking his head, but will make germans quite happy. he said, "i have traveled over 640,000 miles since i've been vice president and most of the time the president sends me to places he doesn't want to go, so...